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Tytuł artykułu
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Warianty tytułu
Predicting Turning Points of WIG Index (Warsaw Stock Exchange Index)
Języki publikacji
Abstrakty
Celem artykułu jest zaproponowanie metody prognozowania punktów zwrotnych indeksu giełdowego WIG, wykorzystującej model pulsu cenowego, opisany w literaturze, i średnie ruchome scentrowane WIG. (fragment tekstu)
The method of predicting turning points of WIG index described in the paper may be applied in short-term investments.
It has been assumed that WIG index changes according to the following model: the correction wave appears on both up and down waves. Time series WIG is a starting point. We compute six moving averages. Appropriate moving averages are subtracted from each other and we receive three new time series. In the form of graph they are shown as three figures of different terms (the longest, average and the shortest).
Empirical studies show that the figure referring to the longest terms includes three figures concerning average terms and those, in turn, include three figures referring to the shortest terms. The sum of the three figures depicts WIG index model.
Additionaly, for the sake of comparison, other commonly used methods have been presented. They are all used to predict turning points of WIG index. (original abstract)
It has been assumed that WIG index changes according to the following model: the correction wave appears on both up and down waves. Time series WIG is a starting point. We compute six moving averages. Appropriate moving averages are subtracted from each other and we receive three new time series. In the form of graph they are shown as three figures of different terms (the longest, average and the shortest).
Empirical studies show that the figure referring to the longest terms includes three figures concerning average terms and those, in turn, include three figures referring to the shortest terms. The sum of the three figures depicts WIG index model.
Additionaly, for the sake of comparison, other commonly used methods have been presented. They are all used to predict turning points of WIG index. (original abstract)
Rocznik
Tom
Strony
139--146
Opis fizyczny
Twórcy
autor
Bibliografia
- Frost A.J., Precfater R.R.: Teoria fal Elliotta. Warszawa: WIG-Press 1995.
- Murphy J.J.: Analiza techniczna. Warszawa: WIG-Press 1995.
- Ostasiewicz S., Rusnak Z., Siedlecka U.: Statystyka. Wrocław: AE 1995.
- Plummer T.: Psychologia rynków finansowych. Warszawa: WIG-Press 1995.
- Talaga L., Zieliński Z.: Analiza spektralna w modelowaniu ekonometrycznym. Warszawa: PWN 1986.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000170902804
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